Caribbean Centre for Money and Finance
(Honorary Member)
Executive Director: TBA
The University of the West Indies
St Augustine Campus, TRINIDAD & TOBAGO
Tel: (868) 645 1174, 1610, Fax: (868) 645 6017
E-Mail: TBA
In May 2008 the Governors of Caribbean central banks that contribute to the funding of the Caribbean Centre for Monetary Studies expanded the Centre’s mandate to include issues in finance, banking and investments. The Centre was renamed and this 40-year old institution is now called the Caribbean Centre for Money and Finance (CCMF) in recognition of it expanded mandate and the inclusion of new funding principals from private financial institutions in the Caribbean. The Centre had evolved out of the previous Regional Programme of Monetary Studies (RPMS), a programme which was established in 1968 as a partnership between the Central Banks of CARICOM and the Universities of the West Indies and Guyana. In 1995, the activities of this institution was consolidated and centralized as the Caribbean Centre for Monetary Studies. The CCMS built on the solid research foundation of the old RPMS, while enhancing efforts in the area of central bank training. The new Caribbean Centre for Money and Finance (CCMF) is currently staffed by (10) employees and aims to facilitate high quality research in monetary, financial and other issues relevant to the central banks and private enterprises in the regional financial sector. The new Centre builds on the solid research foundation of its past while enhancing efforts in the area of specialist financial training, the creation of an adequate and specialist regional repository of financial information and improving the region's research and forecasting capabilities.
First Citizens Bank Ltd.
Chief Executive Officer: Mr. Larry Howai
CAIB Rep: Mr. Dirk Smith
Corporate Manager - Treasury/International Trade Centre
# 9 Queen's Park East,
Port of Spain, TRINIDAD & TOBAGO
Tel: (868) 624 3178, Fax: (868) 627 4548/ (868) 623 3393
Website: www.firstcitizenstt.com
First Citizens Bank Ltd was established in 1993 and over the course of 16 years, has evolved into one of the region’s leading and most dynamic providers of financial products and services. This position is further strengthened by the acquisition of CMMB, the largest full service securities company in the Caribbean on May 22, 2009. The Bank’s mission is “To build a highly profitable financial services franchise renowned for innovativeness, service excellence and sound corporate governance. We shall achieve our aim by focusing on continuous improvement of systems and products, building a strong base of knowledge workers and creating strategic partnerships in key sectors that add value to our customers.” First Citizens Bank continues to be the fastest growing and third largest bank in Trinidad and Tobago. Their 23 branches, staffed by (1,366) employees, with (76) ATMs strategically located throughout Trinidad and Tobago offer a full range of retail, commercial and corporate banking services, in addition to merchant and trustee services. The strategic alliance with CMMB (with 4 branches regionally) translates into a regional network of contacts and on-the-ground expertise in various locations that provide opportunities for large scale corporate and capital market transactions in the Caribbean. With an established presence in North America, First Citizens is now focusing on markets in Europe, Asia and Latin America. Two of the world’s leading credit rating agencies have graded the bank the top regional investment ratings. The Bank enjoys a Moody’s A1 (Debt) and Baa1 (Institutional) rating and has received affirmation of its counterparty credit rating of ‘BBB+/A-2’ from Standard and Poor’s making it the highest ranked indigenous bank on the English-speaking Caribbean. First Citizens remains the only wholly-local bank to float two US$100 million bonds (February 2004 and February 2005). The ratings of both bonds have also been affirmed at ‘BBB+’. The bank has also been admitted to the International Finance Corporation’s B-Loan Programme. Over the years, the robustness of our leadership has consistently helped to advance out technology, innovative product offerings and profitability, and garnered numerous awards. The most recent is the award of the prestigious ‘World Finance Magazine- Best Bank, Trinidad and Tobago 2009’. Our cutting edge technology platform has won the South Chamber of Commerce Tyrone Samlalsingh Pinnacle Award three times for ‘Excellence In Innovation, Communications Technology and e-Commerce’. First Citizens has been implementing processes to improve its customer service and its range of products and services offered, as well as re-structuring and re-designing its retail network. Overall, First Citizens continues to live its tag line "We Put You First." First Citizens, whose asset base stood at USD3.8 Billion as at May 31, 2009, comprises of First Citizens Bank Limited, First Citizens Asset Management Limited, First Citizens (St Lucia) Limited, First Citizens Trustee Services Limited, First Citizens Securities Trading Limited and Caribbean Money Market Brokers (CMMB).
Intercommercial Bank Limited (IBL)
(Associate Member)
Group CEO & Managing Director: Mr. Hugh Duncan
DSM Plaza, Old Southern Main Road, Chaguanas
TRINIDAD & TOBAGO
Tel: (868) 665 4IBL (4425), Fax: (868) 665-6663
In April 2009, Intercommercial Bank Limited (IBL) expanded its operations to include its third branch located in Port of Spain. With our Trust and Merchant re-located to this new Port of Spain location, customers can access our full range of Personal, Commercial, Corporate and Investment Banking Services under one roof. In addition, IBL has also established its third ABM at this location which provides 24-hour immediate access to funds. The IBL Group is a product of the strategic alliance of Jamaica Money Market Brokers Limited (JMMB), Jamaica's leading brokerage house and three companies promoted by Steel Magnate Lakshmi N. Mittal. Our management team consists of highly qualified financial executives with over 150 years of collective banking experience in retail and commercial banking, corporate finance, investment banking and capital markets, trade services and other highly specialized financial instruments. Along with our dedicated team of 158 members committed to excellence in customer service and a suite of value-added products, our clients can be fully confident that the Group will continue to deliver sound financial solutions with professionalism and highest levels of confidentiality. For the Financial year ended March 31st 2009 the IBL Group reported a capital base of US$13.3 million and audited assets in excess of US$153.6 million.
Republic Bank Limited
Managing Director: Mr. David Dulal-Whiteway
CAIB Rep: Mr Roopnarine Oumadesingh
General Manager- Treasury
9-17 Park Street, Port of Spain, TRINIDAD & TOBAGO
Tel: (868) 623 1056, Fax: (868) 624 1282
Republic Bank’s history is one of continual financial growth, professional and personal development, and successful collaboration with communities to bring about positive change. Starting over 170 years ago with the formation of the Colonial Bank in 1837, the Bank would later become Barclays Bank of Trinidad and Tobago Limited in 1972 and eventually make the transition to a Bank of the nation, by becoming Republic Bank Limited in 1981. One of the largest and most successful indigenous banks in the Caribbean, Republic Bank has a diverse portfolio of products and services designed to satisfy the growing needs of its retail banking customers, corporate clients and governments throughout the Caribbean. Building on a strong relationship with the communities it serves, Republic Bank has also championed the cause of the young, elderly and socially marginalized, all the while promoting and safeguarding the rights of the differently able under its innovative flagship programme, The Power To Make A Difference. Over the second 5- year phase of Power to Make a Difference, spanning 2009-2013, Republic Bank will invest over US$16.1 million to this end. In fulfilling its mission," To provide Personalised, Efficient and Competitively Priced Financial Services and to Implement Sound Policies which will redound to the benefit of our Customers, Staff and Shareholders," Republic Bank enjoys prominent status as the financial institution of choice in the Caribbean for all its Stakeholders. With a 28% market share in Trinidad and Tobago as at May 2009, Republic Bank proudly offers an extensive range of banking services, including credit and debit card issuance and processing, leasing, trustee services, mutual fund and investment management and merchant banking. The bank has a staff complement of (2,959), (40) branches and (107) ABMs and is made up of (12) subsidiaries and (4) associated companies. The Group maintains a strong regional presence in Barbados, Cayman Islands, Grenada and Guyana and headquarters in Trinidad and Tobago. As at the end of June 2009, Republic Bank had an audited asset base of over US$6.685 billion.
